Main Street Capital Corporation (MAIN) Formed a Double Bottom Pattern, Could Be One of The Worst Performers Going Forward

April 17, 2018 - By Jimmy Baldridge

Main Street Capital Corporation (NYSE:MAIN) Logo

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.28, from 1.33 in 2017Q3. It fall, as 11 investors sold Main Street Capital Corporation shares while 45 reduced holdings. 14 funds opened positions while 45 raised stakes. 13.85 million shares or 2.43% less from 14.20 million shares in 2017Q3 were reported.
196,471 were reported by Arrowstreet Cap Partnership. Citadel Advsr Ltd Liability holds 7,343 shares. Whittier Trust Co owns 0% invested in Main Street Capital Corporation (NYSE:MAIN) for 984 shares. Hightower Limited Liability Corporation has invested 0.03% in Main Street Capital Corporation (NYSE:MAIN). 10,733 are held by National Asset Mngmt Incorporated. Moreover, Tudor Invest Et Al has 0.01% invested in Main Street Capital Corporation (NYSE:MAIN). Carlson Capital, a Minnesota-based fund reported 65,380 shares. Green Square Ltd Liability Company stated it has 0.03% of its portfolio in Main Street Capital Corporation (NYSE:MAIN). D E Shaw & Inc has invested 0% of its portfolio in Main Street Capital Corporation (NYSE:MAIN). Legal And General Grp Public Ltd Co holds 182,646 shares. Blair William Il accumulated 110,958 shares. First Republic Inv Mngmt has 0.02% invested in Main Street Capital Corporation (NYSE:MAIN) for 59,933 shares. Invesco Ltd accumulated 229,110 shares. Callahan Advsrs Ltd Llc accumulated 11,242 shares or 0.09% of the stock. Moreover, Farmers Merchants Investments Inc has 0% invested in Main Street Capital Corporation (NYSE:MAIN) for 522 shares.

The chart of Main Street Capital Corporation (MAIN) shows a double bottom with $34.96 target or 7.00 % below today’s $37.59 share price. The 5 months chart pattern indicates high risk for the $2.21B company. It was reported on Apr, 17 by Finviz.com. If the $34.96 price target is reached, the company will be worth $154.63 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.78% or $0.29 during the last trading session, reaching $37.59. About 121,457 shares traded. Main Street Capital Corporation (NYSE:MAIN) has risen 0.58% since April 17, 2017 and is uptrending. It has underperformed by 10.97% the S&P500.

Analysts await Main Street Capital Corporation (NYSE:MAIN) to report earnings on May, 3. They expect $0.60 EPS, up 7.14 % or $0.04 from last year’s $0.56 per share. MAIN’s profit will be $35.26M for 15.66 P/E if the $0.60 EPS becomes a reality. After $0.64 actual EPS reported by Main Street Capital Corporation for the previous quarter, Wall Street now forecasts -6.25 % negative EPS growth.

Main Street Capital Corporation (NYSE:MAIN) Ratings Coverage

Among 7 analysts covering Main Street Capital (NYSE:MAIN), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Main Street Capital has $42.0 highest and $37.0 lowest target. $40.20’s average target is 6.94% above currents $37.59 stock price. Main Street Capital had 7 analyst reports since November 3, 2017 according to SRatingsIntel. RBC Capital Markets maintained the shares of MAIN in report on Sunday, November 5 with “Buy” rating. The firm has “Hold” rating by Robert W. Baird given on Friday, November 3. The stock has “Hold” rating by SunTrust on Monday, February 26. The stock has “Hold” rating by Raymond James on Tuesday, November 7. The stock of Main Street Capital Corporation (NYSE:MAIN) earned “Buy” rating by FBR Capital on Tuesday, March 27. National Securities upgraded the stock to “Neutral” rating in Monday, February 26 report.

Main Street Capital Corporation (NYSE:MAIN) Institutional Positions Chart

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